AN OVERVIEW OF INDIAN BANKING SYSTEM
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Abstract
The banking sector plays a vital role in the development of one country’s economy. The growth of banking sector depends upon the services provided by them to the customers in various aspects. It is generally agreed that a strong and healthy banking system is a prerequisite for sustainable economic growth. Banks in India have been undergoing major challenges in the dynamic environment over the past few years reflected in these structure, size, and diversity of the country’s banking and financial sector. Banking industry is the back bone for growth of any economy. The journey of Indian Banking Industry has faced many waves of economic crisis. Recently, we have seen the economic crisis of COVID-19 pandemic. The general scenario of the world economy is very critical. In this paper an attempt has been present scenario of Indian Banking Industry. This article divides into two parts. First part includes the introduction and banking industry. The second part concludes that urgent emphasis is required on the Indian banking system.
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